eco AS level mcq

[***exam***]

hey guyz i need help !!!

Paper 1 june 09
Q7  ans C
Q10 ans B
Q22 ans C
Q24  ans B
Q25 ans B
Q28 ans B

help with any q u know  Thanks a lot

[Stay10]

for q7..the reason for the answer bein C is because if u compare both the supply before nd after the tax rate..u would see tht at price 20..quantity supplied after tax is 380..which if u compare with the supply before tax u ll see tht at price 17 if would be the same..therefore the difference is (20-17)=3..
hope this helps..

[***exam***]

yeah Thanks a lot

[Stay10]

nytime..
nd 4 the 10th question..it quite easy..firstly u need 2 use the formula 4 income elasticity of demand..
which is the % change in demand / % change in income...
so as u can see tht the income changes from 20000 to 24000..
so the % change would be constant 4 income..(4000/20000*100)..
now 4 each of the item...u can find itz change in demand..
then u ll come with the answer as B..

[***exam***]

oh ya Thanks again i 4 got to take out the % form

[Freaked12]

hey guyz i need help !!!

Paper 1 june 09
Q7  ans C
Q10 ans B
Q22 ans C
Q24  ans B
Q25 ans B
Q28 ans B

help with any q u know  Thanks a lot

22-Export prices have increased more then import prices so Terms of trade had to be in 100


24-D
(10*+(15*6)+(25*4)+(50*-9)
-------------------------------=-1.8
      100

Answer is D

25)
Even if the inflation is falling,it still means price level is rising but at a lower rate.
We could take A as well but it depends on other factors like population etc
so answer b

28)Answer is B because when intrest rates rise more people will save including the foreign investors into central bank's account.This will increase demand .Since more is being demanded less will be supplied so answer is B

i dont know 22 though
My answer is coming D and it is C in markscheme
HOW

[***exam***]

oh yeah Thanks a lot
n yay q22 is all too confusing